Common use of Further assurance – Insolvency Event Clause in Contracts

Further assurance – Insolvency Event. Each Creditor will: (a) do all things that the Security Agent requests in order to give effect to this Clause 6; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require) to enable the Security Agent to take such action.

Further assurance – Insolvency Event. Each Creditor will: (a) do all things that the Security Agent requests in order to give effect to this Clause 67; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 7 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require) to enable the Security Agent to take such action.

Further assurance – Insolvency Event. Each Creditor will: (a) do all things that the Security Agent reasonably requests in order to give effect to this Clause 69; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 9 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require) to enable the Security Agent to take such action.

Further assurance – Insolvency Event. Each Creditor will: (a) do all things that the Security Agent requests in order to give effect to this Clause 610; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 10 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require) to enable the Security Agent to take such action.

Further assurance – Insolvency Event. Each Creditor will: (a) do all things that the Security Agent requests in order to give effect to this Clause 6clause 4; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 clause 4 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require) to enable the Security Agent to take such action.

Further assurance – Insolvency Event. Each Creditor will: (a) do all things that the Security Agent reasonably requests in order to give effect to this Clause 67; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 7.6 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require) to enable the Security Agent to take such action.

Further assurance – Insolvency Event. Each Creditor will: (a) do all things that the Security Agent requests in order to give effect to this Clause 68; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 8 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require) to enable the Security Agent to take such action.

Further assurance – Insolvency Event. Each Creditor will: (a) do all things that the Security Agent requests in order to give effect to this Clause 67; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 7 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require, although no Bondholders Agent shall be under any obligation to grant such powers of attorney) to enable the Security Agent to take such action.

Further assurance – Insolvency Event. Each Creditor of the Creditors will: (a) do all things that the Security Agent requests in order to give effect to this Clause 68; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 8 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require) to enable the Security Agent to take such action.

Further assurance – Insolvency Event. ‌ Each Creditor will: (a) do all things that the Security Agent requests in order to give effect to this Clause 67; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 7 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require) to enable the Security Agent to take such action.

Further assurance – Insolvency Event. Each Creditor will: (a) do all things that the Security Agent requests in order to give effect to this Clause 69; and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Clause 6 9 or if the Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Security Agent or grant a power of attorney to the Security Agent (on such terms as the Security Agent may reasonably require) to enable the Security Agent to take such action.